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Certis in tie-up with Lendlease to redevelop headquarters

S$150m sale and purchase agreement entered into with trustee of Certis & Lendlease Property Trust

Kalpana Rashiwala

Published Mon, Mar 29, 2021 · 05:50 AM

Singapore property

Singapore

ADVANCED integrated security services organisation Certis is teaming up with Australia-headquartered property giant Lendlease to redevelop its ageing headquarters in the Paya Lebar area.

Market watchers say it makes sense for Certis to partner Lendlease, which has expertise in property development, construction and management.

Moreover, Lendlease is familiar with the locale, having developed Paya Lebar Quarter (PLQ), an integrated mixed-use project that has rejuvenated the area.

The Business Times understands that RBC Investor Services Trust Singapore - in its capacity as trustee of Certis & Lendlease Property Trust - has entered into a S$150 million sale and purchase agreement for the acquisition of Certis Cisco Centre at 20 Ja…